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Problem 3.6 Financial Statements (LO1,4) South Sea Baubles has the following (incomplete) balance sheet and income statement. a&b. What is shareholders' equity in 2021 and

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Problem 3.6 Financial Statements (LO1,4) South Sea Baubles has the following (incomplete) balance sheet and income statement. a\&b. What is shareholders' equity in 2021 and 2022? c\&d. What is net working capital in 2021 and 2022? e. What are taxes paid in 2022? Assume the firm pays taxes equal to 21% of taxable income. e. What are taxes paid in 2022 ? Assume the firm pays taxes equal to 21% of taxable income. f. What is cash provided by operations during 2022? 9. Net fixed assets increased from $840 million to $940 million during 2022 . What must have been South Sea's gross investment in fixed assets during 2022 ? h. If South Sea reduced its outstanding accounts payable by $39 million during the year, what must have happened to its other curren liabilities? Complete this question by entering your answers in the tabs below. What is shareholders' equity in 2021 and 2022 ? (Enter your answers in millions.)

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